Skip to content
logo Knowledgebase

Why employers need to submit their Return of Earnings annually

Created on  | Last modified on 

Summary

The reason why companies need to submit their Return of Earnings report annually. Extract the details from Sage Payroll Professional.

Description

The Compensation for Occupational Injuries and Diseases Act (COIDA) provides compensation to employees who suffer injuries, diseases, or death while working.

To receive this compensation, every employer (except those exempt) must submit an earnings report (CF-2A, formerly W.As.8) to the Commissioner each year before March 31. The report must show:

  • The total earnings (up to the limit) paid to employees from March to the end of February

  • Any additional information required by the Director-General

The Occupational Injuries and Diseases (OID) report extracts the annual report details for you to complete your annual submission.

Submitting your Return of Earnings provides you with a Letter of Good Standing. Visit the Compensation Fund online submissions webpage for more details.